INVESTORS
BOARD OF DIRECTORS

Cameron Berry has served as a director of the Company since July, 2010, and has over 35 years experience in the mining
industry. Mr. Berry is a geologist and a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta. Mr. Berry has been a member of several public company boards.

John F. Cowan joined the board of directors in 2011. Mr Cowan has 35 years experience as a petroleum geologist in Ontario, Michigan and the Western Canadian Sedimentary Basin. He has been a member of the American Association of Petroleum Geologists since 1979 and is a past president of the Ontario Petroleum Institute. Mr. Cowan has co-founded a number of private and publicly traded energy companies.

Mark Goodman has served as a director of the Company since 2012. Mr. Mark Goodman has 20 years experience in the resource and investment industry and is currently the Executive Chairman of Cogitore Resources, an exploration company. Mr. Mark Goodman is a director of several public companies.

Mr. Harold “Sonny” Gordon, Q.C. Chairman, Dundee Corporation. Harold “Sonny” Gordon, Q.C., was born in Montreal, Canada and educated at McGill University in Commerce and Law, Concordia University in Arts and attended The Wharton Graduate School of Finance at the University of Pennsylvania. After qualifying as a member of the Bar, Mr. Gordon was a ministerial assistant for a minister of the Government of Canada. Mr. Gordon is Vice Chairman Chairman of Dundee Corporation, a public Canadian corporation, and a director of several public and not for profit corporations. Mr. Gordon is also Chairman Emeritus of the Sauvé Scholars Foundation. In prior years, Mr. Gordon was a managing partner of Stikeman, Elliott and Vice Chairman of Hasbro, Inc.

Samuel Ingram has served as a director of the Company
since July, 2010. Mr. Ingram has over 30 years experience in resource industries, having been Chief Legal Officer for publicly listed
oil and gas and mining companies. Mr. Ingram has also been a member of
several public company boards.

Jaffar Khan (CA), President, Chief Executive Officer and Director has more than 35 years of experience in the energy sector, including the development of a major energy project in Pakistan worth $600 million. From 1971 to 1991, Mr. Khan was Chief Financial Officer of Canada Northwest Energy Ltd. After the acquisition of the company by Sherritt Inc., he worked on projects in Cuba and Mexico. Prior to commencing his current role at Eurogas International Inc, he was and remained until June 2015 President, Chief Executive Officer and a Director of Dundee Energy Limited. Mr. Khan continues to sit on the Board of Dundee Energy Limited.

Michael Smith has served as a director of the Company
since 2008. Mr. Smith has over 35 years of experience with the
investment industry, is the founding member of the law firm Smith and
Zoldhelyi and is currently a practicing lawyer. Mr. Smith has been a
member of the board of directors of several recognized public companies
as well as legal counsel with the Ontario Securities Commission.